East Carolina Musical Arts Education Foundation (EIN 562090478) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

Melanie Moll

Phone

2523552479

Tax Period

2024-01-01 to 2024-12-31

East Carolina Musical Arts Education Foundation, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $110K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Net assets of $1.9M represent 207 months of operating reserves.

Mission

To develop musical projects, including concerts and educational workshops, and to enrich the cultural offerings in Eastern North Carolina available to a broad diversity of audiences, and to encourage continued interest in and performance of organ and choral music.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $36,142

Program Service Revenue $434

Investment Income $73,247

Other Revenue $0

TOTAL REVENUE $109,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,577

Other Expenses $109,631

TOTAL EXPENSES $109,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,823	$82,217	+0.3%
Expenses	$109,631	$99,376	+0.1%
Net Income	$192	$-17,159	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Melanie Moll	President	3.00	Officer Director	$0	$0	$0
Karen Vail-Smith	Vice President	3.00	Officer Director	$0	$0	$0
Katherine Burke	Secretary	3.00	Officer Director	$0	$0	$0
Jon Shaw	Treasurer	3.00	Officer Director	$0	$0	$0
Finley Woolston	Director	0.50	Director	$0	$0	$0
David Baskeyfield	Director	0.50	Director	$0	$0	$0
Chris Ulffers	Director	0.50	Director	$0	$0	$0
Carolyn Myers	Director	0.50	Director	$0	$0	$0
Gloria Rose	Director	0.50	Director	$0	$0	$0
Jack Fisher	Director	0.50	Director	$0	$0	$0
Leonna Love	Director	0.50	Director	$0	$0	$0
Gwyn Hilburn	Director	0.50	Director	$0	$0	$0
Andrew Cannan	Ex-Officio	0.50	Director	$0	$0	$0
Henry Michaels	Director	0.50	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$109,823	$109,631	$1,897,349	$192
2023	$82,217	$99,376	$1,763,545	$-17,159
2022	$72,828	$84,873	$1,597,011	$-12,045
2021	$114,745	$53,697	$1,909,103	$61,048
2020	$156,119	$47,185	$1,721,069	$108,934
2019	$73,967	$58,908	$1,365,257	$15,059
2018	$105,111	$67,650	$1,194,085	$37,461

East Carolina Musical Arts Education Foundation